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Company Registration No. SC736133 (Scotland)
SJA Property Group Ltd Unaudited accounts for the period from 21 June 2022 to 30 June 2023
SJA Property Group Ltd Unaudited accounts Contents
Page
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SJA Property Group Ltd Company Information for the period from 21 June 2022 to 30 June 2023
Directors
James Martin Duguid Alexander James Pittendreigh Shaun David Murray
Company Number
SC736133 (Scotland)
Registered Office
7 Albert Street Aberdeen AB25 1XX Scotland
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SJA Property Group Ltd Statement of financial position as at 30 June 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
1,667 
Investment property
50,000 
51,667 
Current assets
Inventories
460,971 
Debtors
13,911 
Cash at bank and in hand
56,063 
530,945 
Creditors: amounts falling due within one year
(619,362)
Net current liabilities
(88,417)
Total assets less current liabilities
(36,750)
Creditors: amounts falling due after more than one year
(20,000)
Provisions for liabilities
Deferred tax
(3,310)
Net liabilities
(60,060)
Capital and reserves
Called up share capital
3 
Fair value reserve
14,110 
Profit and loss account
(74,173)
Shareholders' funds
(60,060)
For the period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by
James Martin Duguid Director Company Registration No. SC736133
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SJA Property Group Ltd Notes to the Accounts for the period from 21 June 2022 to 30 June 2023
1
Statutory information
SJA Property Group Ltd is a private company, limited by shares, registered in Scotland, registration number SC736133. The registered office is 7 Albert Street, Aberdeen, AB25 1XX, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15%
Computer equipment
33.33%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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SJA Property Group Ltd Notes to the Accounts for the period from 21 June 2022 to 30 June 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 21 June 2022
- 
- 
- 
Additions
1,100 
762 
1,862 
At 30 June 2023
1,100 
762 
1,862 
Depreciation
Charge for the period
- 
195 
195 
At 30 June 2023
- 
195 
195 
Net book value
At 30 June 2023
1,100 
567 
1,667 
5
Investment property
2023 
£ 
Additions
32,580 
Net gain from fair value adjustments
17,420 
At 30 June 2023
50,000 
The historic cost of the above investment property totals £32,580. The fair value of the property has been arrived at by the directors of the company on 30 June 2023 on a market value basis.
6
Inventories
2023 
£ 
Work in progress
460,971 
460,971 
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SJA Property Group Ltd Notes to the Accounts for the period from 21 June 2022 to 30 June 2023
7
Debtors
2023 
£ 
Amounts falling due within one year
VAT
376 
Trade debtors
3,107 
Amounts due from group undertakings etc.
1,291 
Accrued income and prepayments
1,032 
Other debtors
8,105 
13,911 
8
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
15,340 
Taxes and social security
1,669 
Other creditors
568,248 
Accruals
25,834 
Deferred income
8,271 
619,362 
9
Creditors: amounts falling due after more than one year
2023 
£ 
Other creditors
20,000 
10
Share capital
2023 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
Shares issued during the period:
3 Ordinary shares of £1 each
3 
11
Loans to directors
The above loans are unsecured, interest free and repayable on demand.
12
Transactions with related parties
The following amounts were outstanding at the reporting end date and due to related parties: Other related parties: £518 The above loans balance are interest free and payable on demand. The following amounts were outstanding at the reporting end date and due from related parties: Other related parties: £1,291 The above loans balance are interest free and repayable on demand. Payments totaling £119,000 were made to companies owned individually by the directors in relation to consultancy services rendered in the period.
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SJA Property Group Ltd Notes to the Accounts for the period from 21 June 2022 to 30 June 2023
13
Average number of employees
During the period the average number of employees was 2.
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